Europe's Deadlock: A Book Review

Abstract

"Europe’s Deadlock" explores how the venture of monetary union, i.e., EURO, which was meant to improve Europe’s internal structure and effectiveness and its credibility as a world leader for a new millennium has gone off rails. The author structured the book in twenty chapters from the birth of single currency to current uncertainty about its future. David Marsh through his research describes reasons ranging from design faults in the euro system established in 1999 to more basic problems of incompatibility of different countries’ political, economic and social background. He concludes that the Europe’s debt crisis can be cured in a sensible way and suggest some measures to promote lasting recovery.

Keywords: Europe, Euro, Debt Crisis, European Union, Book Review

JEL Classification: G01, R11, Y30